April 17, 2019 / 2:47 PM / 2 months ago

Toyota to build Corolla in Brazil that will run on electricity, ethanol and gas

SAO PAULO, April 17 (Reuters) - Japan’s Toyota Motor Corp said on Wednesday it will begin building in Brazil a new version of the Corolla sedan that will run on electricity, ethanol and gas, the first vehicle of its kind to be built in Latin America.

Toyota said in a statement that it made the decision to build the Corolla in Brazil in part thanks to a package of tax incentives passed by the country’s Congress, known as Rota 2030. Unlike in most markets around the world, ethanol is a common car fuel in Brazil. (Reporting by Marcelo Rochabrun Editing by Bill Berkrot)

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